On the 20th, *** weakened slightly against the US dollar

*** against the US dollar on September 20 the median price of ***6.3880 yuan. The People's Bank of China authorized the China**** Center to announce that on September 20, 2011, the inter-bank exchange rate of the interbank market was: $1 for ***6.3880 yuan, and for one euro against ***8.7084 yuan, 100 The Japanese Yen against *** 8.3280 yuan, the Hong Kong dollar against the *** 0.81929 yuan, the sterling against the *** 10.0138 yuan, the *** per dollar against the 0.48983 ringgit, the *** 1 against the 4.8987 Russian ruble.

Former Chinese central bank deputy governor Wu Xiaoling said on Monday (19th) that the Chinese economy will face even greater challenges in the fourth quarter of this year and next year. The slowdown in China's economic growth in 2012 will become a high-probability event, but it can no longer take credit and finance. The "double expansion" road should focus on the optimization of monetary and financial policies to promote a smooth transition in economic development. Wu Xiaoling also said that in order to achieve the restructuring of the economic structure in the next few years, maintaining a 3% to 5% inflation rate is necessary and may be the norm.

Deutsche Bank recently stated that in the context of the general global economic downturn, China may again resort to economic stimulus measures worth 4.65 trillion yuan, including subsidies for consumer goods. Deutsche Bank predicts that China's economy will slow down to 7.3% in the first quarter of next year, and China's economy will increase by 9.5% in the second quarter of this year.

The National Association of Home Builders announced on the 19th that the housing market price index fell to 14 in September, which was lower than the previous month's 15. It was also worse than expected. Economists had expected the index to be 15 in September. The data shows that the confidence of home builders in the United States deteriorated in September, the economy is stagnating, and consumer sentiment is pessimistic. This is a dilemma faced by the industry. The three sub-indices of the index have all declined. The indicators for measuring potential buyers and the indicators for measuring the sales performance of single-family homes by home builders for the next six months have fallen by two points, and the indicators for measuring current sales have dropped by one point. ( China Industrial and Commercial Bank, Ning Xinyi)